The Greedy Trader Weekly Analysis
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Archive
- 6/14/2019
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iShares MSCI Canada Index
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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :A Parabolic SAR indicator is above and near the pricePrice has crossed below the 50 Day Moving AverageBroken trend resistance lineThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the iShares MSCI Canada Index (EWC). During the week, the EWC gave back -0.13 points, or -0.46%, and closed at 28.02 on Friday, June 14, 2019. EWC was trading at average weekly trading volume.

Long-term trend: [See EWC long-term trend chart]
A long-term downtrend had started on January 5, 2018 at 30.60 and reached 22.89 on December 26, 2018. EWC lost 7.71 points, or 25.20%, in 50 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (20.33) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See EWC medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 22.89 and reached 28.73 on April 22, 2019. EWC gained -5.84 points, or -25.51%, in 16 weeks. The price is now at the 12.16% retracement level.

Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 25, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See EWC short-term trend chart]
A short-term downtrend had started on April 22, 2019 at 28.73 and reached 27.15 on May 31, 2019. EWC lost 1.58 points, or 5.50%, in 39 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (26.99) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See EWC daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since June 5, 2019. The distance between MACD and the signal line is low, but getting bigger.

A Parabolic SAR (stop and reversal) indicator (27.75) comes close to the price (28.02). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.43
Williams' Percentage Range (W%R) 26.20
Lane's Stochastic (%D-Slow) 76.82
Greed/Fear Indicator (GFI) 68.67
Moving Average Converg./Diverg. (MACD) -0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.81
Williams' Percentage Range (W%R) 18.20
Overbought
Lane's Stochastic (%D-Slow) 43.27
Greed/Fear Indicator (GFI) 58.58
Moving Average Converg./Diverg. (MACD) 0.22
Trading Signals
Description Value Chart
Upper Bollinger Band 28.51
Daily Stochastic Crossing 28.20
50 Day Moving Average 28.12
Price 28.02
20 Day Moving Average 27.88
Weekly Stochastic Crossing 27.83
Parabolic System 27.75
Weekly Trendline Resistance 27.71
Lower Bollinger Band 27.40
Weekly Trendline Support 26.99
Quarterly Trendline Resistance 26.80
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 27.15
Low Date 05/31/2019
High 28.37
High Date 06/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 27.71
Support 26.99
High 28.73
High Date 04/22/2019
Low 27.15
Low Date 05/31/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.89
Low Date 12/26/2018
High 28.73
High Date 04/22/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 26.80
Support 20.33
High 30.60
High Date 01/05/2018
Low 22.89
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.07
Low Date 01/20/2016
High 30.60
High Date 01/05/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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